Cryptopub Daily Crypto Update
Good morning early afternoon and welcome to the Cryptopub. It is 11:00 somewhere.....and it is always 11 here.
BTC is fairly flat the last 24 hours and the major market is pretty much the same. BTG is vying for a little attention while the trade volume is down and the traders are all going off topic in their channels waiting for some sorta move. What is interesting is that ETC is leading a charge kind of like it did in October. Back then, it was the first alt out of the gate and spelled the beginning of ALT season which saw all of the big alts (including ETH) awake from a couple months of slumber. Something has to give and hopefully Alt Season 1.1 is here.
Today's T&A is brought to you by my main dood @khaleelkazi and a closer look at yourself, and how to duplicate his success on Steem-it. https://steemit.com/steem/@khaleelkazi/who-am-i-my-entrepreneurial-journey-as-a-college-dropout
Flipping back to ETH to see if if is going to decide on its own what it is going to do while BTC flips a coin on pump/dump. After the bounce, ETH has pretty much spent a few days consolidating as trade volume has decreased. There is a nice intersection of 2-week and 10 day old resistance and week old support right when the Bollinger Bands are squeezing in which should indicate a break upwards or downwards. As a further possible indicator, the ETH/BTC ration looks to be swinging to ETH so we may see a break up and ETH outpace the market again after lagging behind the last week.
ETH! ETH! ETH! /cheerleader
Coins catching my fancy today are:
- ZClassic (ZCL) - Private Fork happening Feb 28th and presently mooning - https://zclassic.org/
https://www.tradingview.com/symbols/ZCLUSD/ - SysCoin - Blockchain Market coin (I have bag I wanna get rid of in profit!) https://syscoin.org/ https://bittrex.com/Market/Index?MarketName=BTC-SYS
- ETC (Ethereum Classic) LTC (Litecoin) and ETH (Ethereum) - Starting the altcoin march.
ACK! I forgot to reply to @kleric-lod yesterday as I went down a clown-hole of research about Chinese New Year. My personal opinion is that there will be an effect to the negative. How much? Considering dips are larger in scale as this thing matures, and balance that with the fact that China has banned trading (but not possessing!) crypto, I would say not too badly.
That being said, I am staying at least 50% in Fiat at all times just in case and am making an educated guess at a retracement to $7500. Lets see if I am right.
Here is some really light reading but feel free to post your opinion and results of your research!
https://cryptocurrencynews.com/daily-news/crypto-news/chinese-new-year-crypto-fallout/
Also, considering chinese new year, there is the flip side of the coin. Articles I read on past chinese new years said chinese tend to pull their investments before the new year, some of there exchanges shut down? However, these same articles said many companies pay their employees annual bonuses during the chinese new year.
If we don't see that much of a dip prior to chinese new year, its possible we will see a nice pump come the end of chinese new year. Just something to consider.
Haha hell yah. LoD for LIFE! Good to have you in the pub man. keep learning and sharing what you learn. Welcome to Steem. I see you are already up some levels and on your way.
Everything is so up in the air right now. Your popcorn zone analogy is spot on. I feel like all the people saying we haven't seen the floor yet, combined with chinese new year.....its possible we see another dip. However I also feel like if chinese new year was going to have an affect on prices, we would have started to see it.
It feels like, a lot of things are/have tried to bring us going lower these last 3-4 days.....but in spite of it all, we are going sideways. IMHO if we don't see a significant dip by this weekend, we may be in the clear to slowly ( quickly? ) uptrend for a good while.
Right now I decided to try going all in on LTC until the fork, hopeing this fork will bring in some FOMO money and drive the price up. LTC fork this up coming monday / possibly sooner.
I think the scalping of BTC is smart. I’m personally holding my LTC and already sold my ETC. I think increase your fiat is smart. However, I wish I had more to spare. I don’t want to over allocate my crypto portfolio since I’ve been buy stocks this week.
Stocks are a bargain this week for sure. I am with you and holding on to some LTC as I wait and see what the top of the Stochastic RSI is going to look like before it goes down. Overbought now but tends to jump on the top of the daily sometimes.
Must be nice to have access to a bitfinex account. Those charts are so much better than Kraken.
Sage advice as I get a little mini fomo when I forget a mini upchannel can return to the bigger down-channel. Cautiously optimistic.
Good afternoon!
Thanks!
Haha, buying into bots at a -ROI probably doesn't help either!
Ah man. Been burned by bots? https://steemit.com/hashflare/@uplandmines/hashflare-sha256-best-daily-mining-pool-10-feb-2018
I have avoided them myself and wondered if they are worth it. Tell me what you know and I will buy you a beer.
Great info today.
Hey ho let's go!
Sneaky Ninja Attack! You have been defended with a 4.95% vote... I was summoned by @vanessav! I have done their bidding and now I will vanish...Whoosh